SNAI hits snag but more join high yield queue
SNAI, the Italian gaming and betting group postponed on Wednesday an announced Eu350m senior secured seven year bond amid a dispute with private equity firm Bridgepoint Capital and worsening market conditions.
SNAI said it had postponed the issue, which was to be used to refinance debt, because of market conditions and a request of compensation from Bridgepoint for a soured deal.
SNAI said on January 29 that it had received a letter from Bridgepoint requesting Eu20m of damages because
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